Avis Budget Group Reports Second Quarter Results

PARSIPPANY, N.J., July 29, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for second quarter 2025 today. We ended the quarter with revenues of $3.0 billion, net income of $5 million, and Adjusted EBITDA1 of $277 million. STRATEGIC ANNOUNCEMENTS Launch of Avis First - On July 21st, we launched Avis First, a premium product offering that sets a new standard for first-class car rental. Customers can now enjoy frictionless curbside pick-up and drop-off, featuring a dedicated concierge, premium current-model-year vehicles, and amenities that make the journey hassle-free. Learn more about the Avis First experience in our press release (https://www.avisbudgetgroup.com/fly-any-class-drive-first-class-welcome-to-avis-first/).Multi-year Partnership with Waymo - On July 29th, we announced a strategic partnership with Waymo to launch fully autonomous rid...